Regulations And Tax Reform Among Housing Issues For Trump’s Presidency

November 11, 2016

Construction Dive listed three key housing industry issues that Trump will have to address, and the growing number of regulations is one of them.

Regulatory costs at the local, state and federal level can account for 25 percent of a home’s selling price, which is exacerbated since house prices have increased in recent years. Trump has said he wanted to get rid of a provision to the Waters of the U.S. Rule, which is driving up the cost to build. He may also revisit the overtime rule and the joint employer rule.

Other big issues include tax reform, immigration, trade, and housing finance. Republicans have been seeking to reduce or eliminate government-backed lenders Freddie Mac and Fannie Mae, and roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act.